Featuring: Murray Gunn

Murray Gunn

After earning his Master of Arts Degree in economics, Murray went straight into fund management in 1991. He quickly realized the textbook descriptions don’t apply to real-world markets, which in turn led him to technical analysis and the Elliott Wave Principle. He worked for several firms as a fund manager in global bonds, currencies and stocks, including long posts at Standard Life Investments and the Abu Dhabi Investment Authority. Murray then joined HSBC Bank as Head of Technical Analysis. A published author (Trading Regime Analysis), he has served on the board of the Society of Technical Analysts (UK), and delivered lectures on the Elliott Wave Principle to students at Queen Mary University and Kings College London. Watch for Murray’s commentary on deflation.com and in Elliott Wave International’s publications Global Market Perspective, Interest Rates Pro Service and Currency Pro Service.


We recently highlighted a damning report from the Cleveland Fed regarding Peer-to-Peer (P2P) lending. Now, the troubles of a P2P market leader could be signaling the rumblings of credit deflation in this sector. Lending Club (symbol: LC) was founded in 2006 and floated at the end of 2014, amid much hoopla and a board consisting […]

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The much heralded tax changes in the U.S may result in consumer prices falling. Cutting corporate taxes is a bid to stimulate activity. Companies get a windfall of cash. They can use that cash in a few ways. Firstly, they could pay their workers more money by increasing their wages. Secondly, they could increase investment […]

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Peer-to-peer (P2P) lending has grown exponentially in the last few years in both the U.S and UK. P2P finances loans to individuals or businesses by matching borrowers with investors. From almost zero ten years ago, the industry is now thought to be worth well over $30 billion. On the face of it, everyone’s a winner. […]

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The amount of global bonds with negative yields remains high. This is acting as an anchor for expectations of higher consumer prices. It’s a straightforward equation. You lend someone money and they pay you back more money – the principal plus some interest the borrower pays for the privilege of being able to do the […]

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In the fairytale of Goldilocks and the Three Bears, the young girl famously prefers the porridge, the chair and the bed which are “just right”. The Goldilocks Principle is now part of the economics lexicon describing an economy which is not too hot or too cold, but just right. She has made a few appearances […]

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Speculation is mounting that Japan is ready to declare an official end to its era of deflation. Japanese Economy Minister, Toshimitsu Motegi, said recently that there is no change to the government’s stance of looking at a range of economic indicators, including consumer prices and the gross domestic product deflator, to determine whether it can […]

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